Havens Advisors LLC raised its holdings in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 91.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 79,000 shares of the company’s stock after acquiring an additional 37,800 shares during the period. Scripps Networks Interactive makes up approximately 5.1% of Havens Advisors LLC’s portfolio, making the stock its 9th biggest position. Havens Advisors LLC’s holdings in Scripps Networks Interactive were worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Scripps Networks Interactive by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 8,688,173 shares of the company’s stock worth $593,489,000 after purchasing an additional 542,575 shares during the period. BlackRock Inc. grew its holdings in shares of Scripps Networks Interactive by 18.3% during the 2nd quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock worth $577,591,000 after purchasing an additional 1,308,844 shares during the period. State Street Corp grew its holdings in shares of Scripps Networks Interactive by 0.5% during the 2nd quarter. State Street Corp now owns 3,749,940 shares of the company’s stock worth $256,149,000 after purchasing an additional 16,947 shares during the period. Pentwater Capital Management LP purchased a new stake in shares of Scripps Networks Interactive during the 3rd quarter worth about $310,922,000. Finally, FMR LLC grew its holdings in shares of Scripps Networks Interactive by 24.6% during the 2nd quarter. FMR LLC now owns 3,371,082 shares of the company’s stock worth $230,278,000 after purchasing an additional 665,805 shares during the period. Institutional investors own 60.82% of the company’s stock.

Scripps Networks Interactive, Inc. (NASDAQ SNI) traded down $0.06 during midday trading on Wednesday, reaching $87.81. The company’s stock had a trading volume of 1,397,500 shares, compared to its average volume of 1,054,430. The stock has a market cap of $11,415.63, a PE ratio of 18.80, a PEG ratio of 2.31 and a beta of 1.44. Scripps Networks Interactive, Inc. has a 52-week low of $64.87 and a 52-week high of $88.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19.

Scripps Networks Interactive (NASDAQ:SNI) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.09. The firm had revenue of $825.53 million during the quarter, compared to analysts’ expectations of $838.63 million. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. During the same quarter in the prior year, the business earned $1.26 EPS. equities analysts anticipate that Scripps Networks Interactive, Inc. will post 5.53 EPS for the current fiscal year.

SNI has been the subject of a number of research reports. Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, January 5th. BidaskClub cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, Royal Bank of Canada set a $90.00 target price on Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $85.62.

In other Scripps Networks Interactive news, Director Michael R. Costa sold 18,955 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total value of $1,585,396.20. Following the transaction, the director now directly owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $79.61, for a total value of $85,739.97. Following the completion of the transaction, the director now directly owns 7,520 shares in the company, valued at $598,667.20. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Havens Advisors LLC Has $6.75 Million Holdings in Scripps Networks Interactive, Inc. (SNI)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2018/01/17/havens-advisors-llc-has-6-75-million-holdings-in-scripps-networks-interactive-inc-sni.html.

Scripps Networks Interactive Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

Want to see what other hedge funds are holding SNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scripps Networks Interactive, Inc. (NASDAQ:SNI).

Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

Receive News & Ratings for Scripps Networks Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive and related companies with MarketBeat.com's FREE daily email newsletter.